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Midday update for Brent oil 22-10-2021
Brent oil price trades positively and attempts to confirm exiting the intraday bearish channel that appears on the chart, as it gets positive support by the EMA50, which makes us prefer to stay aside until the price confirms its situation according to 84.00 level to detect the next destination clearly.
Note that holding above the mentioned level will push the price to achieve new gains that start at 85.55 and extend to 88.00, while trading below it again will reactivate the negative scenario that its main target located at 82.20.
The expected trading range for today is between 82.50 support and 85.40 resistance.
The expected trend for today: Neutral
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Midday update for Crude oil 22-10-2021
Crude oil price shows clear positive trades to attack 82.65 level, which urges caution from the upcoming trading, as confirming breaching this level will stop the morning suggested negative scenario and lead the price to turn to rise again, to head towards visiting 84.40 areas initially.
MoreMidday update for Silver 22-10-2021
Silver price trades with clear positivity to breach 24.20 level and attempts to hold above it, affected by stochastic positivity that appears clearly on the four hours’ time frame, which leads the price to regain the bullish trend and head to achieve additional gains for the rest of the day, on its way to visit 25.05 mainly.
MoreMidday update for Gold 22-10-2021
Gold price resumes its positive trades clearly to reach the thresholds of the first waited target at 1797.00, and we suggest surpassing this level to open the way to head towards 1825.15 as a next main station, noting that the EMA50 supports the suggested bullish wave, which will remain valid unless breaking 1770.00 and holding below it.
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